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United States · Bill · HR

H.R. 4368 (94th)

Family Farm Inheritance Act

referredUnited States· United States Congress· EN

Introduced

6 March 1975

Last action

6 March 1975 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Bowen, David R. [D-MS-2], Rep. Beard, Robin [R-TN-6], Rep. Carter, Tim Lee [R-KY-5], Rep. Derwinski, Edward J. [R-IL-4], Rep. Duncan, John J. [R-TN-2], Rep. Fithian, Floyd J. [D-IN-2], Rep. Gilman, Benjamin A. [R-NY-20], Rep. Hanley, James M. [D-NY-32], Rep. Hightower, Jack E. [D-TX-13], Rep. Jones, Walter B. [D-NC-1], Rep. Ketchum, William M. [R-CA-18], Sen. Lott, Trent [R-MS], Sen. Melcher, John [D-MT], Rep. Mitchell, Donald J. [R-NY-31], Rep. Myers, John T. [R-IN-7], Rep. Perkins, Carl Dewey [D-KY-7], Sen. Pressler, Larry [R-SD], Rep. Preyer, Richardson [D-NC-6], Sen. Riegle, Donald W., Jr. [D-MI], Rep. Spence, Floyd [R-SC-2], Rep. Steiger, William A. [R-WI-6], Rep. Stratton, Samuel S. [D-NY-23], Rep. Yatron, Gus [D-PA-6], Rep. Daniel, W. C. (Dan) [D-VA-5]

Subjects

Taxation

Source updated

2 September 2025

Taxation

Official sourceView documentsShare

Summary

Family Farm Inheritance Act - States that for purposes of the estate tax under the Internal Revenue Code the value of the taxable estate shall be determined by deducting the lesser of: (1) $200,000; or (2) the value of the decedent's interest in a family farming operation continuously owned by him or his spouse for five years prior to his death and which passes to a related individual. Disqualifies the individual to whom the estate passes from the tax benefit authorized by this Act if such individual, within five years after the decedent's death, sells or removes the family farming operation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 March 1975

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 6 March 1975

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 March 1975

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

Related records

Sources

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